"A number of readers responded to Monday’s column about an Illinois school superintendent who managed to snare an annual pension of nearly $300,000—and then double-dip by returning to school part-time, collecting a total annual taxpayer payout of $419,000.
This staggering windfall for what used to be called public service amounted to nearly ten times the local median household income of $44,000. Several Best of the Web regulars have since urged this column to elaborate on public-sector retirement benefits and their private counterparts.
But they probably won’t enjoy reading about it.
Thank goodness that few government workers have figured out how to soak taxpayers for more
than $400,000 annually, but as Steve Cortes noted in RealClearPolitics, “over 94,000 total public employees and retirees in Illinois command $100,000+ salaries from taxpayers.”
It’s not just an Illinois problem.
Eric Boehm wrote last year in Reason magazine:
Two retired Los Angeles city employees—Earl Paysinger, a former deputy police chief, and Emile Mack, a former assistant fire chief—pulled down more than $1.4 million apiece in pension benefits last year, giving them the largest nest eggs across all California’s public retirement systems...
...the average person covered by CalPERS (the main pension plan for the state’s workers outside of education) who retired in 2016-2017 after at least 31 years of service receives $70,092 per year.
Annual pension payments rise with inflation and Mr. Biggs adds via email that “most CA public employees are covered by Social Security, from which they’d probably get another $20k or so.”...
Annual pension payments rise with inflation and Mr. Biggs adds via email that “most CA public employees are covered by Social Security, from which they’d probably get another $20k or so.”...
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